World News: 18:45 GMT Wednesday 12th June 2019. [Nutritional High International Inc. via Globe Newswire via SPi World News]
TORONTO, June 12, 2019 (GLOBE NEWSWIRE) -- Nutritional High International Inc. ("" or the "") () is pleased to announce its Sacramento facility has received its provisional distribution license from the State. The facility will commence distribution operations upon receipt of its local permit.
“Last year we outlined our distribution strategy in California. This license is another step towards our goal of becoming the largest distributor of cannabis products in the State,” commented Adam Szweras, Co-Chairman of Nutritional High. “The Sacramento facility, together with our Oakland and Chatsworth hubs, forms the backbone of our distribution architecture in California and allows us to expand the reach of our brand portfolio.”
According to GreenWave Advisors, legal cannabis sales in California are expected to grow from approximately $2B in 2018 to $6.5B by 2022. The number of licensed dispensaries grew from ~450 in Q3 ’18 to 650 in Q4 ’18, but penetration remains low compared to Colorado where there are 540 retail licensees with a population of just 5.6 million.
“Our statewide facility architecture is designed not just to service today’s 600 stores, but the 1000-to-2000 or more dispensaries we expect in California within just a few years,” said Dakota Sullivan, CEO of Calyx Brands. “Having our main warehouses located on key transportation arteries in Sacramento and Chatsworth allows us to move product from growers and manufacturers all over the State into our supply chain quickly and with less cost. By plugging in flexible shipping hubs such as our Oakland facility as well as Chatsworth that are in the heart of the fastest growing markets in Northern and Southern California, we’re able to deliver to dispensaries faster and more frequently for more brands, simplifying life and reducing storage demands for retailers.”
Nutritional High is focused on developing, manufacturing and distributing products under recognized brands in the cannabis products industry, with a specific focus on edibles and oil extracts for medical and adult recreational use. The Company works exclusively with licensed facilities in jurisdictions where such activity is permitted and regulated by state law.
The Company follows a vertically integrated model with a fully developed strategy for acquisitions in extraction, production, sales, and distribution sectors of the cannabis industry. Nutritional High has brought its flagship FLÏ™ edibles and extracts product line from production to market through its wholly owned subsidiaries in California and Oregon, as well as Colorado where its FLÏ™ products are manufactured by a third-party licensed producer. In California, the Company distributes its products and products manufactured by other leading producers through its wholly owned distributor Calyx Brands Inc. and is entering the Nevada, Washington State and Canadian markets in the near future.
For updates on the Company's activities and highlights of the Company's press releases and other media coverage, please follow Nutritional High on , and or visit .
Globe Newswire: 18:45 GMT Wednesday 12th June 2019
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